1. Madison Corporation has a $1000 face value bond outstanding paying annual interest of 7%. The...
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1. Madison Corporation has a $1000 face value bond outstanding paying annual interest of 7%. The bond matures in 20 years. If the present yield to maturity for this bond is 9%, A. calculate the current price of the bond using annual compounding B. calculate the current price of the bond using semi-annual compounding I need step by step solution 1. Madison Corporation has a $1000 face value bond outstanding paying annual interest of 7%. The bond matures in 20 years. If the present yield to maturity for this bond is 9%, A. calculate the current price of the bond using annual compounding B. calculate the current price of the bond using semi-annual compounding I need step by step solution
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